Kelt Exploration (TSE:KEL) Director William Charles Guinan Sells 20,000 Shares

Kelt Exploration Ltd. (TSE:KEL) Director William Charles Guinan sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of C$10.21, for a total value of C$204,200.00. Following the completion of the sale, the director owned 1,154,459 shares in the company, valued at C$11,787,026.39. This represents a 1.70% decrease in their ownership of the stock.

Kelt Exploration Trading Down 2.3%

Shares of TSE:KEL traded down C$0.23 during trading on Wednesday, hitting C$9.96. The company had a trading volume of 441,914 shares, compared to its average volume of 595,004. The stock has a market cap of C$2.01 billion, a price-to-earnings ratio of 45.27 and a beta of -0.29. Kelt Exploration Ltd. has a one year low of C$5.96 and a one year high of C$10.29. The company has a fifty day simple moving average of C$9.19 and a two-hundred day simple moving average of C$8.27. The company has a debt-to-equity ratio of 12.86, a current ratio of 0.52 and a quick ratio of 0.61.

Kelt Exploration (TSE:KEL) last posted its quarterly earnings data on Thursday, March 12th. The oil and gas exploration company reported C$0.09 earnings per share (EPS) for the quarter. The business had revenue of C$132.64 million during the quarter. Kelt Exploration had a return on equity of 3.96% and a net margin of 8.73%. As a group, equities analysts forecast that Kelt Exploration Ltd. will post 0.5224359 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada raised their price objective on Kelt Exploration from C$10.00 to C$11.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. BMO Capital Markets increased their price target on Kelt Exploration from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. TD Securities increased their price target on Kelt Exploration from C$9.00 to C$11.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Finally, Ventum Financial set a C$12.50 price target on Kelt Exploration and gave the stock a “buy” rating in a report on Tuesday, March 24th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$11.10.

Kelt Exploration Company Profile

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in Canada. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets.